LNG Shipping Investment: Capital Clean Energy Carriers Enters LNG Carrier Joint Venture with BGN Group for Long-Term Time Charter Contracts and Fleet Expansion
Nasdaq-listed LNG shipping investment company Capital Clean Energy Carriers (CCEC) has strengthened its position in the global LNG carrier joint venture and maritime investment sector by bringing in BGN Group in a new partnership involving long-term time charter LNG contracts. The move highlights continued demand for liquefied natural gas transport and modern shipping assets in the global energy market.
The Athens-based LNG shipping investment firm CCEC has agreed to sell a 49% stake in the 2023-built Amore Mio I to an affiliate of Dubai-based BGN Group, forming a new LNG carrier joint venture focused on long-term maritime investment and fleet growth. Under the agreement, the vessel will be owned by the joint venture starting in early 2027, supporting shipping fleet expansion and strengthening time charter LNG contracts visibility.
CCEC will retain a 51% controlling stake, while the BGN-linked partner holds the remaining share. The vessel will be transferred to the joint venture at a value of $230 million, with financing expected to be refinanced at closing. A 10-year time charter LNG contract has also been secured with BGN, including extension options that could run until 2043, significantly boosting long-term charter agreements and revenue stability in the LNG shipping investment sector.
The structure is expected to generate up to $485.6 million in revenues if all extensions are exercised. For CCEC, the deal enhances maritime investment flexibility, supports shipping fleet expansion, and strengthens its position as a leading Nasdaq shipping company in the global liquefied natural gas transport market.
BGN Group’s entry into LNG shipping marks a strategic diversification into the energy shipping sector, with plans to operate up to two LNG carriers by 2027 and expand into LPG shipping by 2028. This reinforces broader LNG carrier joint venture activity and growing demand for gas carrier market participation.
Following the transaction, CCEC’s LNG fleet will maintain an average remaining charter duration of nearly seven years, with contracted revenues of approximately $2.9 billion, further increasing under optional extensions tied to long-term time charter LNG contracts and shipping asset acquisition strategies.
